• Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Applications
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1Z0-508
  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Oct 09, 2026
  • No. of Questions: 127 Questions and Answers
  • Download Limit: Unlimited

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Oracle 1Z0-508 Exam Syllabus Topics:

SectionObjectives
Period Close Process- Financial Close Workflow
- Reconciliations and Adjustments
- Period Open and Close Activities
Reporting and Inquiry- Account Analysis and Inquiry Tools
- Financial Statements Generation
- Financial Reporting Center
Multi-Currency and Consolidation- Currency Translation
- Financial Consolidation Concepts
- Intercompany Accounting
Accounting Setup and Configuration- Subledger Accounting Configuration
- Ledger and Currency Setup
- Accounting Calendar Setup
Journal Processing- Journal Import and Posting
- Recurring Journals
- Manual Journal Entries
General Ledger Overview- Ledger Concepts and Configuration
- Chart of Accounts Structure
- Oracle Fusion General Ledger Architecture

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Journal Approval has been enabled, however, the journal did NOT submit to the appropriate manager for approval. Which three additional steps must, be performed for the approval process to work?

  • A. Define approver authorization limits.
  • B. Set up journal category to use journal approval.
  • C. Enable customization.
  • D. Create an approval hierarchy.
  • E. Set up journal sources to use Journal approval.
Reveal Solution  Discussion  0

Correct Answer: B,D,E  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

Choose the two Oracle Hyperion Reporting and Analysis products and artifacts, that can be imported into financial Reporting.

  • A. Snapshot Reports (*.rpt)
  • B. Dynamic Report (* .des)
  • C. Books. (*.kbk)
  • D. Impact Manage Transformation Scripts (*. Js)
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?

  • A. Run the Journals- (132 Char) Report.
  • B. View the Account Inquiry window
  • C. Run Trial Balance.
  • D. View the Projected Balances Region on the Create Journal page
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

The life cycle of a transaction's accounting impact is modeled by using__________.

  • A. Journal Sources
  • B. Process Categories
  • C. Event Classes and Types
  • D. Journal Categories
  • E. Event Entities
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

Which view do you use to set parameters and define the data that is displayed in the SmartView report.

  • A. SmrtView
  • B. Point of View
  • C. SmartSlice
  • D. SmartCube
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

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